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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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2859 Hickory Place Costa Mesa, CA 92626
$1,999,900 0 beds, 0 baths
0 sqft
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Agent Remarks

Excellent opportunity to acquire a well-located four-unit investment property in the heart of Costa Mesa, offering an attractive combination of strong in-place rental income and meaningful future upside. With rents currently below projected market levels, the property provides an investor with the opportunity to increase income over time while benefiting from four established rental income streams. The desirable unit mix consists of one three-bedroom residence and three two-bedroom residences, providing larger and more versatile floor plans than many typical apartment investments. This mix appeals to a broad tenant base, including professionals, couples, families and those seeking additional space for a home office. Tenants pay their own gas and electricity, helping reduce the owner's exposure to rising utility costs. The property's central Costa Mesa location is a significant advantage. Residents enjoy convenient access to South Coast Plaza, South Coast Metro, Orange Coast College and John Wayne Airport, along with the employment, shopping, dining and entertainment opportunities found throughout Costa Mesa and neighboring Irvine. Newport Beach and Huntington Beach are also just minutes away, providing easy access to some of Orange County's most desirable coastal communities. Excellent freeway accessibility via the 405, 55 and 73 makes the property convenient for tenants working throughout Orange County. Costa Mesa's combination of employment, entertainment, shopping, education and proximity to the coast continues to make it a highly desirable rental market. For an investor seeking a smaller multifamily property with existing cash flow, multiple income streams and the potential for future rental growth, this property offers a compelling opportunity in one of Orange County's most desirable and centrally located communities.

Listing Details

Trust & Probate
Property type: Quadruplex (Multi-Family)
Status: Active
MLS# V1-38449
List price is $1,999,900
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1965
1 story
0.16 acres
Lot size: 0.1600
Subdivision: Other
County: Orange
Appliances: Electric Cooktop,Electric Oven
Parking description: Door-Single,Garage,On Street
Lot description: Sprinklers None
Heating/cooling: None
Heating description: Wall Furnace
MLS area: C1 - Mesa Verde

Last Updated: 9/24/2026

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This listing belongs to the C1 - Mesa Verde MLS area

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Lat/Long: 33.675630, -117.921372.
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Listing Agent: Keith Geller
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

Compared to National:

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